Poundstretcher, 41-45 Derby Road, Stapleford, Nottingham NG9 7AN

Poundstretcher, 41-45 Derby Road, Stapleford, Nottingham NG9 7AN

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  • Town centre retail warehouse sale and leaseback investment

  • Prominently situated on the prime pitch of the town’s high street

  • The property provides a total gross internal area of 17,932 sq ft and includes a large rooftop car park for c. 50 vehicles

  • Immediately adjacent is a council owned town centre car park with free parking

  • Current occupier, Poundstretcher Limited, to take a new 10-year FRI lease with a fixed uplift.

  • Sale and leaseback arrangement demonstrates tenant’s confidence in continued trade

  • Poundstretcher Limited had a turnover of £387m in 2018, and score a D&B rating of 4A1

  • Low initial rent of £80,000 (£4.46 psf), rising to a fixed £88,000 (£4.91) in the fifth anniversary

  • Freehold

  • Offers in excess of £900,000

  • Net Initial Yield of 8.34% and low Capital Value of £50 psf

  • Fixed reversionary yield in the 5th anniversary of 9.17%

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